Douglas Entrance

Douglas Entrance Office Parc, Coral Gables’ landmark office campus, is undergoing a $7 million makeover. Miami-based Banyan Street Capital, along with capital partner Oaktree Capital Management of Los Angeles, are undertaking the modernization project to restore the property’s iconic status as the original entrance to Coral Gables, all with the goal of maintaining the property’s appeal among top-tier domestic and multinational users.

Construction work has already begun and is expected to be completed over the next year, with upgrades being made to the complex’s common areas and amenities, including its main office lobbies, elevators, corridors, restrooms, parking garage, directional...